Edmund Andrews Reports On Agency That Would Have Saved Him

NYT: The Obama administration sent Congress a detailed
proposal on Tuesday to create a consumer protection agency
responsible for financial products, a move that is the first shot
in a heated battle with banks and other financial institutions
over how to regulate home mortgages, credit cards and other forms
of lending.

For their part, banks and mortgage lenders are placing
top priority on killing the proposal.

The article doesn't back up that claim that banks and mortgage
lenders have made killing the agency their "top" priority.